Profit and Labor Costs -- the Inverse Relationship

     Please listen to, and make careful notes on, 
 
this lecture on "Profit vs. Labor Costs -- the Inverse
Relationship.

     As you are listening, please refer to 

this handout/web page, which presents the same material
graphically and in print form. Please print this out and
bring it to class with you.

     After doing this, please write 300 words explaining carefully and
clearly the relevance of this basic economic relationship to the war
in Vietnam specifically, and to capitalism more generally. Email to me
and to your group.